How to Maximize Your Savings with Certificates of Deposit

Frontier is here to help you make the most of your hard-earned money. Certificates of Deposit are a great savings tool that can help you grow your money at a guaranteed rate.

What is a Certificate of Deposit?

A Certificates of Deposit is a deposit account with a fixed interest rate and term. You agree to deposit a certain amount of money for a set period, typically ranging from a few months to several years. In exchange for committing your money for a term, you earn a higher interest rate than you would with a traditional Savings Account.

How Can Certificates of Deposit Help You?

Certificates of Deposit are a smart way to save for your short- and long-term goals. Here are a few reasons why you might consider opening a Certificate of Deposit at Frontier:

  • Higher Interest Rates: Earn a guaranteed return on your money that is typically higher than what you would find in a traditional Savings Account.

  • Grow Your Savings: The interest earned on your Certificates of Deposit can significantly increase over time, helping you reach your financial goals faster.

  • Save for Specific Goals: Certificates of Deposit are a great way to save for a specific goal, such as a down payment on a car, a vacation, or a child's education. The fixed term helps you stay on track and avoid the temptation to spend the money.

  • Peace of Mind: Knowing your money is safe, secure, and steadily growing at a guaranteed rate can give you peace of mind.

Are Certificates of Deposit Right for You?

Certificates of Deposit are a good option for anyone who wants to earn a higher interest rate on their savings and is comfortable committing their money for a fixed term. Here are a few things to consider before opening a Certificate of Deposit:

  • Term Length: Consider how long you will need access to your money. Certificates of Deposit typically have penalties for early withdrawal.

  • Interest Rates: Compare rates different financial institutions offer to find the best deal.

  • Savings Goals: Match the term length of your certificate to your savings goals.

Maximize Your Savings with Frontier Certificates of Deposit

At Frontier, we offer a variety of Certificates of Deposit options to meet your individual needs. Our Certificates of Deposit offer competitive rates and flexible terms.

Ready to Get Started?

Learn more about our Certificates of Deposit or view our current rates. 

Not a member yet? Join Frontier today and open a Certificate of Deposit to start saving for your future! 

Contact us to learn more about our other savings options.

Aline Ferreira